Shivam M.
2 BD/1 BA SFH in Evansville, Indiana (Turnkey purchase)
2 December 2021 | 3 replies
.- Scheduling repairs after closing has been tough as a result of the holidays & general lack of labor.Rough estimate of numbers (assuming 5% vacancy, $780/yr in repairs/maintenance, 10% PM fee, $480/yr insurance, $1227/yr property taxes):Current:Expected based on Rental increase to $670 (assuming tenant accepts increase, rental increase would be starting 02/01/2022):Expected if tenant decides to move due to Rent increase (PM company estimates it to be possible to rent at $725-750/mo; keep in mind this doesn't factor in costs to make rent-ready (if any), as well as the cost of getting a new tenant):
Michael Ernst
Denver Property Type change from SFH -> Duplex?
6 December 2021 | 2 replies
It will probably cost me a fair amount of $ but the hope is that I'll have less tenant tension from top/bottom units.As for electrical there is a sub panel that attaches to the basement unit... might be able to do something with that.I am open to other ideas on how to deal with the heating/cooling if possible and any other helpful tips on a top/bottom rental.If the heating/cooling, water, electrical aren't separated out, then I would have to have a built in price factored into the rent instead of the tenants paying the utils themselves yes?
Jae Smith
Sell and make $200k profit or rehab and rent for $8400
2 January 2022 | 6 replies
@Jae SmithIf you sell it - you have to factor in any taxes that you pay.
Nico Dandini
Sell My Primary for a Larger House Hack in an Expensive Area?
3 December 2021 | 5 replies
The lender will likely factor at least partial rents of the other units into the underwriting, so that should help.
Jay Wang
Shall I invest or shall I buy a primary residence
2 January 2022 | 20 replies
I have a colleague who bought 3 new homes in Austin near the Tesla factor in Mar 2020.
Jay Wang
Wait now to invest in Austin or Raleigh
23 December 2021 | 7 replies
I have a colleague who bought 3 new homes in Austin near the Tesla factor in Mar 2020.
Bridget Vasquez
Questions to ask sellers before getting under contract
6 December 2021 | 3 replies
Motivation is the most important factor: "What makes you want to sell a nice home like this?"
Tonye Jack
Newbie: Should I REFI OR NOT
25 December 2021 | 12 replies
The numbers you talked about are also factors because the more you can pull out the more you can do with it.
Ryan Brown
Renegotiate Post Inspection (As is sale)
25 December 2021 | 23 replies
*What the seller is willing or able to do in terms of repairs or concessions will be dictated by a lot of factors.
Ilgaz Arikan
Rookie investor question...how do you decide between STR and LT?
13 December 2021 | 18 replies
I think paying attention to factors like this helps make decisions for STR strategy.